Riyadh - Sharikat Mubasher: Chile's Codelco, the world's leading copper producer, is negotiating with Saudi Arabia on potential collaborative investments in the copper sector.

The state-owned company had been in discussion with Saudi Arabia as there was a clear need on both sides to add value, Maximo Pacheco, Chairman of Codelco, stated in an interview with Reuters.

On the sidelines of the Future Minerals Forum 2025 (FMF 2025), Pacheco said he met with the Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and representatives from Manara Minerals, a joint venture between Saudi Arabian Mining Company (Ma’aden) and the Public Investment Fund (PIF).

The FMF 2025, the world’s premier minerals gathering, took place in Riyadh from 14 to 16 January under the theme ‘Year of Impact’, featuring 250 influential speakers, including CEOs of the top 11 global mining companies and other industry leaders.

It aimed to enable the development of resilient and responsible minerals and metals industries in Africa, West and Central Asia, and other host countries by attracting investment, deploying digital and other advanced technologies, and applying high standards for sustainability performance.